Via ZeroHedge When discussing yesterday’s WSJ report that the Trump admin may slap the new, $200BN round of tariffs on Chinese imports as soon as tomorrow, we said that such an escalation would likely derail talks with top Chinese officials, currently scheduled …
From Brandon Smith Almost every aspect of the global economic downturn, which started ostensibly in 2007-08 and is still ongoing to this day, can be traced back to the actions and policies of central banks. The Federal Reserve, for example, used …
via politico.eu: European Commission President Jean-Claude Juncker will argue the euro should become the global currency for trade instead of the U.S. dollar in his State of the Union speech Wednesday morning. Addressing the European Parliament in Strasbourg, he will make …
From Jim Rickards, Editor, the Daily Reckoning: Several years ago, I began warning my readers that a global trade war was likely in the wake of the currency wars. This forecast did not seem like a stretch. It would simply be …
What really keeps CHINA up at night, however, is a potential co-ordinated assault by the Trump administration, EU and Japan on their unique model of Chinese “state capitalism” that has been integral to the country’s economic success over the past …
A fresh piece of Citi research lands on bond market liquidity, which evokes a reminder of those days in late 2015 when a lot of attention was focused on how easy it was to buy and (more importantly) sell corporate debt. Back …
From Birch Gold Group September is known to be a rough month for the market. But in 2018, it could evolve into what may become known as the “Year the Trade Wars Exploded.” New trade tensions stem from POTUS supporting new tariffs on …
by WARREN MOSLER Highlights A solid rise in residential spending offset a mixed showing for non-housing components and made for a 0.1 percent July rise in overall construction spending to barely come within Econoday’s consensus range. Residential spending rose 0.6 percent …
by sundance All our propaganda are belong to us… In comments yesterday about the likelihood of Canada joining the U.S-Mexico trade agreement, Justin from Canada stated emphatically that his country would not join any trade agreement that removes Canadian protectionist policy …
Trump has threatened to withdraw the US from the World Trade Organization (WTO) if the body fails to change the way it treats America. “If they don’t shape up, I would withdraw from the WTO,” Mr Trump said. Trump says …
via @spriha Hamers added that some customers have indicated their sales will go down, their costs will increase and therefore their products may not be as competitive. Market watchers are now eyeing a fresh round of U.S. tariffs on $200 billion …
by WARREN MOSLER Larger than expected: Highlights In some of the early data coming out in this period of trade disputes, the goods deficit of the July trade report totaled a much deeper-than-expected $72.2 billion. Exports of goods fell 1.7 …
by Chris Black Do you remember that old campaign adage, “you’ll get tired of winning”? It was a fun line to scream in the face of your liberal friends, yet I bet not so many Americans, even hard-core Trump fans, …
Do you think a trade conflict between US and China will cause a major disruption in the global economy? There are hundreds of different ways to track the current status of the economy. We can look at technical indicators. We …
by Martin Armstrong People really think we have free trade and somehow Trump is reversing that fact. This, of course, is how the press has portrayed the issue, but that is just far from the truth. Trump is now looking …
https://twitter.com/GlobalProTrader/status/1032660908407959552 WASHINGTON/BEIJING (Reuters) – U.S. and Chinese officials ended two days of talks on Thursday with no major breakthrough as their trade war escalated with activation of another round of dueling tariffs on $16 billion worth of each country’s goods. …
by FS Copper, European banks, and emerging markets all entered into bear market territory last week and the trillion dollar question strategists are asking is whether US markets are likely to get pulled down as well, especially with fears that …
by FS Listen to this podcast on our site by clicking here or subscribe on iTunes here. Richard Duncan, writer and publisher at Macro Watch, warned on FS Insider that a full-blown trade war between the US and China would lead to a spike …
From Birch Gold Group From August 7th to August 13th, the DOW dropped 475 points close to close. On Monday alone, the DOW dropped 125 points before recovering losses. The week-long losing streak was linked to Turkey’s currency crumbling and a trade war …
by GoldSilver Join Mike Maloney as he analyzes the massive unintended consequences caused by the current foray into trade wars and tariffs. You can watch Mike’s previous warnings about these actions on this playlist.
https://twitter.com/RooseCapital/status/1027308766809804800 "Libor OIS Spread behaving erratically, or signalling unease in the US dollar funding market as in the run-up to the financial crisis?" h/t @Mora_Wealth pic.twitter.com/1zwq1lGSfx — Alastair (@StockBoardAsset) August 8, 2018 should we not be concerned about this gap? …
As promised, a new and sweeping round of US sanctions against Iran will kick in today. Though the EU has sworn to do its best to protect European companies from US sanctions, there is little doubt the Europeans can resist …
via talkingpointsmemo: Trade Secretary Liam Fox told the Sunday Times newspaper that “intransigence” by EU officials “is pushing us towards no deal.” He put the chance of Britain crashing out without a deal at 60 percent. Britain and the EU say …
by WARREN MOSLER Larger than expected which also means q2 GDP will be revised down some: Highlights The nation’s trade deficit proved a little deeper than expected in June,, at $46.3 billion vs Econoday’s consensus for $45.6 billion. After a …
via bi With President Donald Trump’s trade war ramping up further, Morgan Stanley just said the US’s protectionist behavior reminded it of the conditions surrounding the Great Depression. Morgan Stanley is also worried about how the trade war will affect …
#TradeWar starting to take its toll on manufacturing (seen notably in new orders component of ISM) @SoberLook https://twitter.com/LizAnnSonders/status/1024969700399374336 China’s capital flight is getting worse The dollar is jumping against most of the currency #DXY #Yuan #EURUSD https://twitter.com/amital13/status/1025097412594073600 https://twitter.com/StockBoardAsset/status/1025339582232100864 The Euro …
by Bill Bonner NORMANDY, FRANCE – Oh boy… the plot thickens. The New York Times reports: President Trump escalated his trade war with China on Wednesday, ordering his administration to consider more than doubling proposed tariffs on $200 billion worth of Chinese …
h/t @dlacalle_IA Everyone keeps blaming the inexistent trade wars for widespread market corrections instead of the obvious: Monetary stimulus saturation, excessive valuations and Fed balance sheet reduction. $14bn this month Number of countries suffering a drastic reversal in fund flows rises …
by WARREN MOSLER So the savings rate puzzle, where consumption was exceeding income, has now been reconciled with large upward revisions in personal income. And looks like the credit expansion that supplied the income and drove the spending was from non-residents. …
by Spencer P Morrison, NEE Had I as many souls as there be stars, I’d give them all for Mephistophilis. ~Doctor Faustus Spectators claim that Satan himself appeared on stage during the opening performance of Christopher Marlowe’s play Doctor Faustus (1588)—the grizzly specter …